Good for them i.e those who have, for whatever reason managed to accumulate some assets / wealth.
But I don't see why the govt ie. my fellow citizens/taxpayers - should guarantee MY money, given its MY decision where I put it - so it is MY risk to take on.
Just have a think about why many first world economies do this and the social benefits that such a view may or may not have produced. Then consider whether the decision-makers might have determined that the benefits outweigh the costs and you will get your explanation.